NFLU +2x T-Rex 2X Long NFLX Daily Target ETF

NFLU

ETF +2x BULL standard
T-Rex 2X Long NFLX Daily Target ETF
Issuer: T-Rex · Tracks: NFLX · Listed: 2024-09-26
Implied AUM
$42.9M
Last Close
$14.53
20260720
30d Avg Vol
304,466
Options
available
Realized return vs theoretical +2x NFLX
Other leveraged products tracking NFLX
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
NFXL +2x BULL Direxion Direxion Shares ETF Trust Direxion Daily NFLX Bull 2X ETF $129.6M 1,613,652

How NFLU works

NFLU targets +2x the daily return of NFLX — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on NFLU carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.